Richemont first quarter sales increase 12 percent

Sales at Compagnie Financière Richemont SA for the first quarter increased by 12 percent at actual exchange and 9 percent at constant exchange to 3,740 million euros (4,202 million dollars) compared to the prior year period. The company said in a statement that excluding online distributors, sales rose by 6 percent at actual exchange and by 3 percent at constant exchange rates.